The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent said

Treasury Secretary Scott Bessent said Wednesday that the United States will not alter its trade negotiating stance toward China because of recent stock market swings. “We’re not going to negotiate just because the stock market is going down,” Bessent said in an interview at CNBC’s Invest in America

China is deliberately tanking markets to force Trump into major concessions in trade talks

Treasury Secretary Scott Bessent said Wednesday that the United States will not alter its trade negotiating stance toward China because of recent stock market swings. “We’re not going to negotiate just because the stock market is going down,” Bessent said in an interview at CNBC’s Invest in America

The U.S. has drafted countermeasures if negotiations fail with China.

U.S. Trade Representative Jamieson Greer warned that China’s new export restrictions could breach a trade agreement reached earlier this year, while Treasury Secretary Scott Bessent accused Beijing of acting in bad faith, saying “they can’t be trusted.” The comments mark a sharp escalation in the ongoing U.

OpenAI CEO Sam Altman says he is ‘envious’ of Gen Z college dropouts who have the ‘mental space’ and time to build new startup

OpenAI is planning to permit a broader spectrum of content—including erotica—on its flagship chatbot, ChatGPT, as part of a principle to “treat adult users like adults,” according to CEO Sam Altman. In a post on X, Altman said that future versions of ChatGPT will be able to act

Moody’s: More than 20 US state economies are now in, or near, a recession

A number of U.S. states are either highly vulnerable to, or have already entered, an economic downturn, according to Moody’s Analytics Chief Economist Mark Zandi. “Based on my assessment of various data, states accounting for nearly one-third of U.S. GDP are either in recession or at high

JPMorganChase has announced it wil invest $1.5 trillion into 27 "critical industries" in America

JPMorgan announced a sweeping $1.5 trillion, decade-long investment initiative on Monday to strengthen sectors viewed as vital to the U.S. economy. The plan includes up to $10 billion in direct equity and venture capital investments and expands on the bank’s earlier $1 trillion domestic investment commitment. According

There are more private equity funds than McDonald's in the US, per Bloomberg

At a recent industry event in London, leaders in private markets sounded a warning: in the U.S. alone, there are now roughly 19,000 private equity funds, outnumbering the ~14,000 McDonald’s outlets across the country. The comparison, while stark, speaks to the crowded landscape and increasing pressure

Scott Bessent: The US Government shutdown is starting to effect the US economy

Treasury Secretary Scott Bessent said Monday that the ongoing government shutdown is beginning to have a tangible impact on the U.S. economy. Speaking on Fox Business Network’s Mornings with Maria, Bessent criticized what he called a lack of media attention to the severity of the situation, now in

US cancels the world's largest solar farm, with the Trump administration cancelling approval for the 6.2 gigawatt Nevada project

The Trump administration has canceled plans for a massive solar power development in Nevada—a project that would have ranked among the largest in the world—signaling that the White House’s opposition to renewable energy now extends beyond wind to include solar as well. On Thursday, the Bureau of

Goldman Sachs, GS, CEO says there will be a stock market drawdown, and people "won't feel good"

Goldman Sachs CEO David Solomon cautioned Friday that the ongoing AI investment boom may be overextended — and that stock markets could soon face a correction. Speaking at Italian Tech Week in Turin, Solomon said that while artificial intelligence has powered major U.S. stock indexes to record highs this year,

40% of employees are reporting wasting an average of 2 hours at a time cleaning up AI-generated workslop

“Workslop” refers to AI-generated work that looks polished and professional but lacks the real substance to move a task forward, according to new research by BetterUp and the Stanford Social Media Lab. The term, coined in their joint report, describes a growing workplace problem: output that appears competent yet contributes

47% of Americans say groceries are harder to afford than they were last year

Nearly half of Americans say groceries have become harder to afford compared with a year ago, according to a Harris/Axios Vibes poll released Thursday. The survey found that 47% of adults report that groceries are more difficult to afford now than they were a year ago. About 34% said

The price of wholesale electricity has increased by as much as 267% over the last five years in data center hot spots

Electricity costs are climbing across the United States — and they’re climbing even faster in regions near data centers, according to a Bloomberg investigation into power prices. The analysis found that wholesale electricity rates have jumped by as much as 267% over the past five years in data center hubs,

The Pentagon has launched a $1 billion buying spree to stockpile critical minerals

The Pentagon is moving to purchase up to $1 billion worth of critical minerals as part of an accelerated stockpiling effort to curb U.S. reliance on China, the Financial Times reported Sunday, citing public filings from the Defense Logistics Agency (DLA). According to the report, the Trump administration instructed

Trump has just said: Don’t worry about China

China’s government condemned Donald Trump’s latest vow to impose an additional 100% tariff on Chinese imports, calling it “a typical example of U.S. double standards.” A spokesperson for the Ministry of Commerce said that Beijing could take its own “countermeasures” if the U.S. president follows through

Trump considering pardon for Binance founder CZ

People close to Changpeng Zhao — the former Binance CEO widely known as “CZ” — say conversations are heating up inside the Trump White House over a potential presidential pardon for the embattled crypto executive, FOX Business Senior Correspondent Charles Gasparino reported. Zhao, once one of the most powerful figures in global

AI bubble now 17 times bigger than dot-com boom and four times larger than subprime crisis

Despite mounting warnings about the massive sums inflating the so-called “AI bubble,” the boom shows no signs of bursting — in fact, it keeps expanding. The scale of the surge has now eclipsed all previous market bubbles, from the dot-com era to the 2008 financial crisis. Julien Garran, a research analyst

Jeff Bezos of Amazon, $AMZN, says that AI is an “industrial bubble"

Amazon founder Jeff Bezos said Friday that artificial intelligence is in an “industrial bubble,” but emphasized that the technology itself is genuine and will ultimately deliver major benefits to society. Speaking at Italian Tech Week in Turin during a conversation with Exor CEO John Elkann, Bezos compared the current excitement

President Trump got a COVID booster shot today

President Donald Trump received both a COVID-19 booster and a flu shot during a visit to Walter Reed National Military Medical Center on Friday, according to a memo released by the White House physician. “In preparation for upcoming international travel, President Trump also received preventive health screenings and immunizations, including

Trump announces additional 100% tariff on China and export controls on "any and all critical software" starting Nov. 1st

President Donald Trump announced Friday that his administration will impose an additional 100% tariff on Chinese imports—on top of the existing 30% duties—starting November 1 or possibly sooner. The move marks a sharp escalation in trade tensions after several months of relative calm between Washington and Beijing. “The

Gen Z anger at the ruling elites is erupting across the world

The anger driving Morocco’s unrest stems from deepening inequality in a nation pouring billions into hosting the 2030 World Cup and building extravagances like Africa’s largest ice hockey rink, even as youth unemployment hovers around 60%. The ruling elite live in luxury, while a generation feels shut out

Trump threatens 'massive increase' of tariffs on Chinese goods in response to limits on export of rare earth metals

President Donald Trump announced Friday that his administration will impose an additional 100% tariff on Chinese imports—on top of the existing 30% duties—starting November 1 or possibly sooner. The move marks a sharp escalation in trade tensions after several months of relative calm between Washington and Beijing. “The

Trump: Gasoline prices will be below $2 soon

President Donald Trump on Friday warned that he is considering a “massive increase of tariffs” on Chinese imports in response to Beijing’s new export restrictions on rare earth minerals. Trump said the move would serve to “financially counter” China’s actions. In a post on Truth Social, the president

Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by

A 2025 Employee Financial Wellness report from Payroll Integrations found that while 38% of workers across all age groups have withdrawn from their retirement accounts, Gen Z leads the pack. Nearly half of young adults have already dipped into their retirement funds, compared to 31% of millennials. Both boomers and

Trump on China: Maybe we will have to stop importing massive amounts from China

China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the